Debit Card Routing: Where the EFT Debit Networks Go Next
- Date:May 11, 2020
- Author(s):
- Sarah Grotta
- Research Topic(s):
- Debit
- PAID CONTENT
Overview
The EFT or PIN debit networks have lost transaction volume to the global networks as new payment standards continue to be introduced.
EFT debit networks will always play a critical role in the payments industry, guaranteed by the merchant routing choice rules of Regulation II (Debit Card Interchange Fees and Routing). The question remains if they will strike out in new directions, find new uses for their networks, and flourish.
Learn More About This Report & Javelin
Related content
Walmart Pay-by-Bank: How the World’s Largest Retailer Could Transform Real-time A2A Payments
Walmart’s announcement that it will offer shoppers the option to check out with instant pay-by-bank payments beginning in 2025 is a major development for real-time payments, pay-by...
Three Steps to Improve the Bill Pay Function
Biller direct payments are preferred by consumers over payments initiated through bank bill pay platforms. Closing the gap and engaging more customers will require financial instit...
U.S. Real-time Payments: Full Speed Ahead After Year 1 of FedNow
One year after the introduction of the FedNow instant payment service, participation by financial institutions is soaring and transaction volumes and values are up across the faste...
Make informed decisions in a digital financial world